Countdown to $100

October 2007
MEED: Middle East Economic Digest;10/19/2007, Vol. 51 Issue 42, p1
Trade Publication
The article comments on the possibility that oil prices will reach $100 a barrel. It points out that there could be some painful consequences for the Middle East region if high prices continue into 2008. It adds that increased fuel rates will have an inflationary impact overseas and may be enough to push the teetering global economy. It contends that Organization of Petroleum Exporting Countries (Opec) members may find themselves helpless as demand for crude oil diminishes in the wake of a global economic slowdown.


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